Invesco Ltd. Has $1.36 Million Position in KB Financial Group Inc $KB

Invesco Ltd. lifted its stake in shares of KB Financial Group Inc (NYSE:KB) by 2.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,116 shares of the bank’s stock after acquiring an additional 520 shares during the period. Invesco Ltd.’s holdings in KB Financial Group were worth $1,359,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC raised its holdings in KB Financial Group by 141.8% during the first quarter. Bruce G. Allen Investments LLC now owns 926 shares of the bank’s stock worth $50,000 after buying an additional 543 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in KB Financial Group by 659.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,415 shares of the bank’s stock worth $137,000 after buying an additional 2,097 shares during the last quarter. Cetera Investment Advisers raised its holdings in KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after buying an additional 258 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in KB Financial Group during the first quarter worth $214,000. Finally, JBF Capital Inc. acquired a new position in KB Financial Group during the first quarter worth $271,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of KB Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

KB Financial Group Stock Performance

Shares of KB stock opened at $78.63 on Tuesday. The firm has a 50-day moving average of $81.95 and a 200-day moving average of $69.24. The company has a market cap of $30.00 billion, a P/E ratio of 7.55, a P/E/G ratio of 0.60 and a beta of 1.07. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.67 and a quick ratio of 1.67. KB Financial Group Inc has a one year low of $46.38 and a one year high of $92.39.

KB Financial Group (NYSE:KB) last announced its earnings results on Thursday, August 14th. The bank reported $3.16 EPS for the quarter, beating the consensus estimate of $3.15 by $0.01. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.20 billion. KB Financial Group had a net margin of 16.16% and a return on equity of 9.79%. Equities research analysts forecast that KB Financial Group Inc will post 8.87 EPS for the current fiscal year.

KB Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a $0.657 dividend. The ex-dividend date was Friday, August 8th. This represents a $2.63 annualized dividend and a dividend yield of 3.3%. KB Financial Group’s dividend payout ratio is currently 20.37%.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.